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Posted 02/13/2012 5:42 pm
My belief is that dealers with buyers will negotiate a price with a catalogue price/book price being a tool to decide how much you pay?
On ebay, being open market, buyers will pay only what they're willing to pay.
At auction, buyers will pay only what they're willing to pay but it may not be enough to secure the purchase.
The book prices are reasonable in some areas but completely out of wack in other areas. For coin pricing & note pricing, you're best off looking at guides from 4-5 years ago for a real indication. But research has to also be done.
ebay is cheap (but also it's sometimes hard to trust the sellers)
Auction is expensive (but you get what you pay for)
I've got an example below of my experience on Sunday at the APTA Show in Malvern. I went to good old Trevor Wikins.
I was wanting a consecutive pair of 1997 $5 Test notes, any prefix, but in UNC condition.
Book price was $75 each.
His price was $65 each.
My price was $50 each ($100 for the pair)
Our deal was $55 each ($110 for the consecutive pair)
That's $40 off book (26.6% off)
Every situation will differ. I've sold some things on ebay & received less than I paid for them at auction (Downies). Whereas I've sold some items for much more than I would have thought they'd go for.
I think that the best way to answer this question all comes down to SUPPLY & DEMAND. It's a matter of finding that perfect equilibrium.
On ebay, being open market, buyers will pay only what they're willing to pay.
At auction, buyers will pay only what they're willing to pay but it may not be enough to secure the purchase.
The book prices are reasonable in some areas but completely out of wack in other areas. For coin pricing & note pricing, you're best off looking at guides from 4-5 years ago for a real indication. But research has to also be done.
ebay is cheap (but also it's sometimes hard to trust the sellers)
Auction is expensive (but you get what you pay for)
I've got an example below of my experience on Sunday at the APTA Show in Malvern. I went to good old Trevor Wikins.
I was wanting a consecutive pair of 1997 $5 Test notes, any prefix, but in UNC condition.
Book price was $75 each.
His price was $65 each.
My price was $50 each ($100 for the pair)
Our deal was $55 each ($110 for the consecutive pair)
That's $40 off book (26.6% off)
Every situation will differ. I've sold some things on ebay & received less than I paid for them at auction (Downies). Whereas I've sold some items for much more than I would have thought they'd go for.
I think that the best way to answer this question all comes down to SUPPLY & DEMAND. It's a matter of finding that perfect equilibrium.
